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5 Advantages Of Gold Loan To Be A Convenient Lending Option

  • People tend to hold on to gold to enjoy its beauty and consider it as a store of value, especially during times of economic uncertainty. The truth is that gold ornaments can be borrowed, and it’s more convenient than you might think. In the present times, availing gold loans have gained popularity with high-income households. Though these loans are secured with gold priced at a particular market price, they still provide a hassle-free and quick process of availing of loans.

    Quick Approval and Disbursal

    Gold Loans require you to deliver the gold ornament to the bank. However, you can do it anytime and from anywhere in India, especially with Muthoot FinCorp. The documentation required to meet to get approval for the loan is not complex and requires minimal effort. So, if you have a gold ornament that you are willing to liquidate, this can be a good way to get cash depending on your need. Gold loans are fast-track loans that get approved within no time. People with all kinds of credit scores are welcome to apply for gold loans at Muthoot FinCorp.

    High Loan Amount

    Gold Loans are perfect for availing funds of a high amount. Muthoot FinCorp is one of the leading gold loan providers with a pan-India presence. We offer competitive interest rates for both salaried and self-employed professionals on the value of their gold jewellery while providing flexible repayment options. The market’s gold rate per gram will be checked by our representative and the loan amount will be calculated by the transparent weightage of the gold you plan to pledge.

    Basic Eligibility Criteria

    Apart from the standard documentation requirement of PAN Card and address proof, there are no eligibility factors that are considered by the lenders, thereby making the loans available to all applicants. The eligibility criteria for these loans is that the applicant should be an Indian citizen, aged between 21 years and 65 years, with valid identity proof like a passport, driving license, or Aadhar card.

    Safety to Gold Assets

    The safety of your gold assets is the most important part of a gold loan. When you take a gold loan from reputed financial institutions like Muthoot FinCorp, the gold is secured by the highest standard. When you pledge your gold, it goes into the strong vault of the company. The gold mostly remains under surveillance 24 hours and is checked every month. In this process, there is a thorough check of its purity and quality. The room, in which gold is kept, is outfitted with an advanced surveillance system to ensure the complete safety of your assets.

    Get Gold Loan at Lowest Interest Rate – Apply Now

    Low Rate of Interest

    Gold loan is one of the most popular financial options offered by various gold loan companies in India. Loan amount of up to Rs.50 lakhs against gold jewelry at Muthoot FinCorp depending on the gold purity. The interest rate of such loans is low to offer ease of payment to the customers.

    Also Read: 9 Ways Gold Loan Is The Best Bet For Your Financial Requirements

    How To Apply for Gold Against Loan

    You can fill out a simple application on Muthoot FinCorp’s website and let our representatives get in touch with you to take your loan application for Gold Loan at Lowest Interest Rate– Apply onward. For more ease, you can visit your nearest Muthoot FinCorp branch. You can hand over your gold and get a gold loan in a single visit. Call us at 1800 102 1616 to find out all you need to know about availing of a gold loan with Muthoot FinCorp.

    Harshit Agrawal 14-Dec-2021 1151 Views

About Author

Harshit Agrawal -
Harshit Agrawal heads digital marketing for Muthoot Pappachan Group from its head quarter based in Kochi, India. He has managed digital marketing & activations for brands such as Maruti Suzuki, Hero MotoCorp, Bharti Airtel, Google, Mankind Pharma...read more

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